aka: CIBC Dividend Infinite Visa vs Capital One Cash Back Plus Platinum

It looks like CIBC card is the successor card to the CIBC Dividend Platinum Visa card that I've written about before.

The tiers are the same, and there's still an annual fee, but as a nice plus, the card now includes:

Well, it's January 27th, and I just received my CitiMastercard Enrich Rebate cheque. Their credit card is pretty much the only one in Canada that gives you 1% cash back from the first dollar with no annual fees and no minimums (though there is a max rebate of $250/year I think).

The cheques are mailed out of Toronto/Mississauga, so it's likely an overnight thing for me, but those out East or West might need to wait a few days before getting them.

CIBC offers two Dividend Visas:

These are their two Visa credit cards that offer cash back rewards. Not points, but cash. I'll address their Aerogold and Aventura Visa cards in a later article. But for now...

Amex USED to have a 2% Cash Back Credit card. Even then, the 2% didn't kick in right away, so you'd have to spend many thousands per year to get > 1% overall. And of course, spending lots of money on an Amex card can be a bit difficult in Canada, since many merchants only accept Visa or Mastercard.

The American Express Gold 2% Cash Back card is No longer available, as of ~1 month ago in Canada. Those that still have cards should be fine until they expire, but if you're looking to apply for such a card, you are out of luck.

2009 Update that's still true in 2012: MBNA Smart Cash Blows Citi Enrich Out of the Water

Citi's Canadian Credit Card Division got bought out by CIBC.